NEWLANDS, BAY ROAD, FRESHWATER, PO40 9QS - £415,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

NEWLANDS is a large detached house of 121m², built sometime between 1950 and 1966. It was last sold for £415,000 in August 2015, which was around 48% above the average August 2015 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was C.

NEWLANDS Sold Prices

Land registry data shows three sales for NEWLANDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three NEWLANDS sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2015 5 AUG	£415,000	£279,826	48% above HPI
2009 11 MAY	£270,000	£234,088	15% above HPI
1999 1 FEB	£127,000	£91,913	38% above HPI

NEWLANDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The three NEWLANDS sales between February 1999 and August 2015 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2009 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the August 2015 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is NEWLANDS?

NEWLANDS is 121m² according to the EPC inspection conducted in October 2014. This puts it in the largest 30% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where NEWLANDS lies on this distribution: 70% of detached houses are smaller than NEWLANDS, and 30% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

NEWLANDS: Plot and Title Map

NEWLANDS sits on a plot of roughly 0.420 of an acre, or 1,701m². The below map shows the location of NEWLANDS, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of NEWLANDS). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is NEWLANDS?

NEWLANDS is located on BAY ROAD in FRESHWATER, in the PO40 postcode district. The below map shows the position of NEWLANDS on BAY ROAD.